Stocks put together a pretty good rally over the last five weeks, but the finance sector continues to show relative weakness. The chart below shows the S&P Sector PerfChart with the percentage gain for the nine sectors and the S&P 500. All nine sectors are keeping pace with gains at or above the S&P 500 gain. The Finance SPDR (XLF), however, has gained considerably less.
Click this image for a live chart
About the author:
Arthur Hill, CMT, is the Chief Technical Strategist at TrendInvestorPro.com. Focusing predominantly on US equities and ETFs, his systematic approach of identifying trend, finding signals within the trend, and setting key price levels has made him an esteemed market technician. Arthur has written articles for numerous financial publications including Barrons and Stocks & Commodities Magazine. In addition to his Chartered Market Technician (CMT) designation, he holds an MBA from the Cass Business School at City University in London.
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